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Merrill Lynch upgrades Thailand to overweight

Merrill Lynch has upgraded Thai market to overweight from underweight in its recommended asset allocation.



The US-based company said after having held back investment and consumption, politics and policy look set to improve.

Private investment should more than offset any slow down in electronics exports, the central bank is likely to cut interest rates, it said. Merrill Lynch said it expects earning per share growth will by nearly 20 per cent this year. - The Nation



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